Search Results: keywords:"7(a) loan agent oversight act"

  • H. R. 1804 — To amend the Small Business Act to require a report on 7(a) agents, and for other purposes.
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    Status:Introduced in House
    Words:584

    H.R. 1804, known as the “7(a) Loan Agent Oversight Act,” proposes changes to the Small Business Act to improve transparency about agents involved in the 7(a) loan program. The bill requires the Director to submit an annual report to Congress highlighting details about the...

    Simple Explanation

    H.R. 1804 is a bill that asks for a yearly report to help everyone understand who is helping small businesses get loans, if there are any problems, and how much money people are paying to get these loans. This way, people can make sure everything is fair and working well.

  • H. R. 1804 — To amend the Small Business Act to require a report on 7(a) agents, and for other purposes.
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    Status:Reported in House
    Words:692

    H.R. 1804, known as the "7(a) Loan Agent Oversight Act," aims to amend the Small Business Act to ensure comprehensive reporting on 7(a) loan agents. The bill mandates the Director to submit an annual report to Congress detailing the number of 7(a) agents, instances of...

    Simple Explanation

    H.R. 1804 is a plan to make sure that people who help small businesses get special loans, known as 7(a) loans, are watched closely and fairly; it wants reports every year about how many helpers there are, how much they get paid, and if they're doing things right or not.